Northcliff Total Current Assets vs Selling General Administrative Analysis

NCF Stock  CAD 0.04  0.01  16.67%   
Northcliff Resources financial indicator trend analysis is infinitely more than just investigating Northcliff Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northcliff Resources is a good investment. Please check the relationship between Northcliff Resources Total Current Assets and its Selling General Administrative accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northcliff Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Selling General Administrative

Total Current Assets vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northcliff Resources Total Current Assets account and Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Northcliff Resources' Total Current Assets and Selling General Administrative is 0.54. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Northcliff Resources, assuming nothing else is changed. The correlation between historical values of Northcliff Resources' Total Current Assets and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Northcliff Resources are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Assets i.e., Northcliff Resources' Total Current Assets and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Selling General Administrative

Most indicators from Northcliff Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northcliff Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northcliff Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Northcliff Resources' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 1 M, while Enterprise Value Over EBITDA is likely to drop (3.44).
 2021 2022 2023 2024 (projected)
Interest Income233.5K180.0K207.0K217.3K
Minority Interest62.0K129.7K116.8K110.9K

Northcliff Resources fundamental ratios Correlations

-0.290.34-0.080.930.960.07-0.84-0.02-0.230.96-0.23-0.690.850.45-0.43-0.25-0.44-0.080.96-0.72-0.30.140.8-0.610.62
-0.290.210.9-0.59-0.390.60.52-0.25-0.17-0.39-0.110.74-0.150.080.91-0.1-0.320.9-0.390.470.99-0.17-0.110.09-0.22
0.340.210.580.120.24-0.12-0.340.370.290.230.29-0.320.2-0.340.260.140.140.580.24-0.030.25-0.310.07-0.25-0.3
-0.080.90.58-0.43-0.220.450.320.06-0.02-0.220.030.51-0.03-0.080.86-0.05-0.21.0-0.220.410.92-0.28-0.060.05-0.3
0.93-0.590.12-0.430.93-0.13-0.88-0.02-0.160.93-0.16-0.820.780.43-0.69-0.15-0.32-0.430.93-0.77-0.610.240.73-0.570.68
0.96-0.390.24-0.220.930.14-0.84-0.13-0.381.0-0.41-0.720.770.39-0.52-0.33-0.37-0.221.0-0.87-0.40.090.81-0.670.54
0.070.6-0.120.45-0.130.140.21-0.57-0.890.14-0.840.510.240.270.37-0.46-0.530.450.14-0.290.58-0.190.37-0.250.13
-0.840.52-0.340.32-0.88-0.840.210.010.02-0.840.00.91-0.79-0.190.650.10.210.32-0.840.720.53-0.02-0.650.54-0.44
-0.02-0.250.370.06-0.02-0.13-0.570.010.54-0.130.56-0.17-0.17-0.44-0.020.150.490.06-0.130.31-0.22-0.12-0.460.23-0.29
-0.23-0.170.29-0.02-0.16-0.38-0.890.020.54-0.380.97-0.22-0.36-0.280.070.520.46-0.02-0.380.62-0.140.14-0.480.36-0.28
0.96-0.390.23-0.220.931.00.14-0.84-0.13-0.38-0.41-0.720.780.39-0.52-0.33-0.37-0.221.0-0.87-0.40.090.81-0.670.54
-0.23-0.110.290.03-0.16-0.41-0.840.00.560.97-0.41-0.19-0.24-0.280.060.550.390.03-0.410.63-0.10.11-0.480.4-0.2
-0.690.74-0.320.51-0.82-0.720.510.91-0.17-0.22-0.72-0.19-0.520.020.74-0.09-0.130.51-0.720.630.74-0.07-0.40.43-0.28
0.85-0.150.2-0.030.780.770.24-0.79-0.17-0.360.78-0.24-0.520.42-0.44-0.17-0.61-0.030.78-0.66-0.19-0.020.78-0.50.7
0.450.08-0.34-0.080.430.390.27-0.19-0.44-0.280.39-0.280.020.42-0.07-0.35-0.84-0.080.39-0.210.010.610.68-0.30.81
-0.430.910.260.86-0.69-0.520.370.65-0.020.07-0.520.060.74-0.44-0.07-0.07-0.060.86-0.520.630.92-0.13-0.320.18-0.41
-0.25-0.10.14-0.05-0.15-0.33-0.460.10.150.52-0.330.55-0.09-0.17-0.35-0.070.29-0.05-0.330.38-0.07-0.14-0.330.35-0.25
-0.44-0.320.14-0.2-0.32-0.37-0.530.210.490.46-0.370.39-0.13-0.61-0.84-0.060.29-0.2-0.370.24-0.26-0.19-0.720.4-0.72
-0.080.90.581.0-0.43-0.220.450.320.06-0.02-0.220.030.51-0.03-0.080.86-0.05-0.2-0.220.410.92-0.28-0.060.05-0.3
0.96-0.390.24-0.220.931.00.14-0.84-0.13-0.381.0-0.41-0.720.780.39-0.52-0.33-0.37-0.22-0.87-0.40.090.81-0.670.54
-0.720.47-0.030.41-0.77-0.87-0.290.720.310.62-0.870.630.63-0.66-0.210.630.380.240.41-0.870.490.04-0.680.66-0.42
-0.30.990.250.92-0.61-0.40.580.53-0.22-0.14-0.4-0.10.74-0.190.010.92-0.07-0.260.92-0.40.49-0.21-0.140.12-0.3
0.14-0.17-0.31-0.280.240.09-0.19-0.02-0.120.140.090.11-0.07-0.020.61-0.13-0.14-0.19-0.280.090.04-0.210.180.130.46
0.8-0.110.07-0.060.730.810.37-0.65-0.46-0.480.81-0.48-0.40.780.68-0.32-0.33-0.72-0.060.81-0.68-0.140.18-0.460.67
-0.610.09-0.250.05-0.57-0.67-0.250.540.230.36-0.670.40.43-0.5-0.30.180.350.40.05-0.670.660.120.13-0.46-0.41
0.62-0.22-0.3-0.30.680.540.13-0.44-0.29-0.280.54-0.2-0.280.70.81-0.41-0.25-0.72-0.30.54-0.42-0.30.460.67-0.41
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Northcliff Resources Account Relationship Matchups

Northcliff Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.1M28.3M32.4M31.0M35.7M27.9M
Other Current Liab679.0K1.2M2.0M624.7K718.4K828.3K
Total Current Liabilities1.1M2.5M6.6M2.4M2.8M2.3M
Total Stockholder Equity23.9M22.7M22.3M24.7M28.4M23.1M
Property Plant And Equipment Net26.5M26.8M27.4M28.7M33.0M21.6M
Net Debt(1.2M)(99.7K)(482.0K)64.0K73.6K77.2K
Retained Earnings(39.5M)(40.7M)(42.6M)(45.3M)(40.7M)(42.8M)
Accounts Payable42.6K24.3K123.0K448.0K403.2K264.1K
Cash1.6M1.4M4.9M1.3M1.1M1.1M
Non Current Assets Total26.5M26.9M27.4M28.7M33.0M21.7M
Cash And Short Term Investments1.6M1.4M4.9M2.1M1.9M3.7M
Net Receivables10.4K17.3K50.4K113.8K102.4K97.3K
Common Stock Shares Outstanding186.9M191.1M207.6M255.8M294.1M308.8M
Liabilities And Stockholders Equity28.1M28.3M32.4M31.0M35.7M27.9M
Other Current Assets17.3K32.2K52.8K60.1K54.1K69.5K
Other Stockholder Equity4.2M4.4M4.5M4.6M4.1M3.9M
Total Liab1.1M2.5M6.6M2.4M2.8M2.3M
Property Plant And Equipment Gross26.5M26.9M27.4M28.7M33.0M21.6M
Total Current Assets1.6M1.5M5.0M2.3M2.1M2.0M
Accumulated Other Comprehensive Income4.4M4.5M4.6M4.6M5.2M3.8M
Short Term Debt381.3K1.3M4.4M1.3M1.2M1.1M
Long Term Investments18.9K12.9K6.1K52.2K47.0K27.0K
Net Tangible Assets23.9M23.9M22.7M22.3M25.7M25.3M
Property Plant Equipment26.2M26.5M26.8M27.4M31.5M27.5M
Net Invested Capital24.2M24.0M26.8M26.0M29.9M27.7M
Net Working Capital514.7K(1.1M)(1.5M)(93.5K)(84.1K)(79.9K)

Pair Trading with Northcliff Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northcliff Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northcliff Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Northcliff Stock

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The ability to find closely correlated positions to Northcliff Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northcliff Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northcliff Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northcliff Resources to buy it.
The correlation of Northcliff Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northcliff Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northcliff Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northcliff Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Northcliff Stock

Balance Sheet is a snapshot of the financial position of Northcliff Resources at a specified time, usually calculated after every quarter, six months, or one year. Northcliff Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northcliff Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Northcliff currently owns. An asset can also be divided into two categories, current and non-current.